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CNBC
Aug 28, 2013 3:00pm EDT
all know today a special day in washington. we've been watching the events there is your troun there surrounding the 50th anniversary of martin luther king i have a dream speech. we will be momentarily hearing a pealing of bills to mark that moment. after that president obama will be speaking to commemorate that moment. let's bring in john harwood in washington who has been following the day's moments. a poignant moment coming up with the nation's first african-american president. >> no question. we heard from bernice king, the daughter of martin luther king. she was born precisely five months before he delivered that speech. and it was a speech that has stood the test of time as one of the great pieces of rhetoric in american history. >> one of the measures we take now is how much progress has been made since the speech was made 50 years ago in terms of civil rights, job equality and so forth. >> in terms of political progress it's been substantial. we got an african-american in the white house. we have black americans in the last two presidential elections that actually voted at hi
CNBC
Aug 5, 2013 3:00pm EDT
, stand & poors downgraded the credit rating. more from eamon in washington. eamon? >> reporter: hi, kelly. the markets are up a ton since then. but congress this week anyway is out on vacation. it's august here in washington, and that means the members of congress ski dadled at the end of the session last week. they're going home to their districts. they're going out to campaign. they're going out to raise money, on vacation. what they're not doing in washington is dealing with the next fiscal crisis that could be looming right around the corner. remember, at the end of the fiscal year comes in september, they're coming back in session september 9th. but at the end of the month, they're going to have to come up with something to do with the federal budget, possibly a continuing resolution that could be contentious. and after that, later in the fall, the debt ceiling fight. we'll have that all over again. even though the deficit itself has been going down, because remember, earlier this year, we did raise taxes and lower spending through sequester. it was -- they sort of backed into
CNBC
Aug 6, 2013 3:00pm EDT
to discuss anything at all. and we'll end on the washington post rising in today's trade, as bezos agrees to buy the publishing assets for $250 million. bill, back to you. >> that's amazing. thank you, josh. bob, i remember the days, when we would say, what would barry do next, barry diller? now we'll have to be asking, what's jeff going to do next, right? >> yeah, i think the big thing here is it's just amazing how the media landscape has been changing. the "washington post" story, for example, just came completely out of nowhere. nobody even knew he'd be interested in buying something like that. and i think the price was a little bit shocking. particularly coming on what the boston story -- what the -- what was going on with boston and the price they paid there. i'm blanking on the cost of what happened up in boston. two big newspapers sold at rather shockingly low prices in the last week or so. >> yeah, they sold it to john henry for $70 million. >> reporter: thank you. >> "the new york times" paid $1.1 billion for that not too long ago, and they're selling it for $70 million. s
CNBC
Aug 16, 2013 3:00pm EDT
agencies in washington today are totally impacted by the political environment there. they're simply responding to the politics that are going on in washington. they know what the right answer is. but they don't have enough fortitude to tell the truth and say, hey, these are wrong. >> dick, we always appreciate your -- >> thank you. >> -- your candor. thanks, sir. >> thank you. >> see you soon. >>> all right. heading toward the close now. about 35 minutes left on the expiration day. the dow trying to get back to positive territory, but down 11 points right now. >>> bill, the market may be down for the week, but have you looked at apple lately? the stock is up 10% since monday. what a good week it's had. up next, we'll hear from somebody who says the stock is still cheap. >>> and it's certainly tgif as far as the market is concerned. coming up, we'll discuss whether the pullback is a repeat of what happened in june when we quickly shot back to new all-time highs, or if this is actually the start of the bigger and deeper correction so many have been predicting. more of summer on the st
CNBC
Aug 26, 2013 3:00pm EDT
have ammon javier javers. >> hi, bill. secretary of state speaking here in washington. forceful words. here's a little bit of the secretary of state explaining what the stakes are here. >> our sense of basic humanity is offended not only by this cowardly crime but also by the cynical attempt to cover it up. at every turn, the syrian regime has failed to cooperate with the u.n. investigation. using it only to stall and to stymie the important effort to bring to light what happened in damascus in the dead of night. >> a couple of key points here. the secretary of state saying that although investigators are still getting access to the scene, some of those u.n. investigators in particular have been actually fired upon as they try to get there to see if that i remember determine which chemical weapons may have been used here, the secretary of state saying chemical weapons were used in syria. he also said that the president of the united states stands ready to make an informed decision about what to do in response to that. he said there must be accountability. the secretary of state
CNBC
Aug 22, 2013 3:00pm EDT
if it was just i don't know. thanks, don, very much. washington is watching all of this very carefully. the president has just been broefed on what we are now calling the flash freeze. >> the president of course, is on a bus tour of upstate new york. he is in rochester new york today. he has been talking about college pricing so this is off topic but of course they have all of the communications gear that they need on that bus to keep the president up to speed on anything that's going on in the world including now today. this disruption over at the nasdaq. not much, the president of the united states can do about this but they always want to keep him up to speed on anything that represent any kind of disruption to the u.s. economy. bill. >> all right, thanks very much. >>> meantime, as we head toward the close, i presume nasdaq will close at the normal time. we will see as the trading progresses. the dow is in rally mode. up 77 points. six straight down days, maria, where the dow lost more than 3%. now we are in come back mode today. a gain of 79. almost back to 15,000 right
CNBC
Aug 20, 2013 3:00pm EDT
areas, generated the last great economic expansion, all of the opposite's happening in washington right now, and that's why we're not getting growth in this country. and that's why we're not getting growth anywhere. you can get valuation in the emerging markets. >> got it. bill stone, what do you expect the fed minutes to show tomorrow? is that a potential market mover, or is it a snoozer, do you think? >> you know, i think it's a potential market mover. i think, you know, everyone, including myself, is going to be trying to figure out, you know, whether there's some clue in there around the timing of the taper. i think that's really probably people pay more attention to that than jackson hole now, because you really don't have the big players, at least speaking, even, or even there, and i think at the end of the day what it will say to you is you'll have to watch the data to know when they'll taper. >> do you think they would actually discuss a potential timetable for when they would plan to taper, and would that show up tomorrow? >> i don't think they're going to say a specific
CNBC
Aug 8, 2013 3:00pm EDT
and every other regulator in washington. what you've got to date is handful of cases from the sec, the doj saying there is no criminal liability. and now, we've got this new residential mortgage backed security working group that came out of the president's state of the union address and they are rehashing the same old same old. the same old same old gets you the same old results and i think that's what you will see here. >> you don't think anybody -- there is a likelihood that anybody would go to jail if the investigation produces criminal charges or convictions? >> no. i think it would be very surprising it see any kind of criminal charges here. i think what you're going to see is cases like we saw earlier this week. sec bringing a case against bank of america. that's a negligence case is based on the sale of one security or one securitization. one single transaction. and that's it. and you may see more cases like that. but you're not going to see what congress seems to want. what the public seems to want. is executives going to prison. j.p. morgan being indicted. i just don't t
CNBC
Aug 9, 2013 3:00pm EDT
standard washington exercise that i don't like. because when somebody's worked hard for me and worked hard on behalf of the american people, and i know the quality of those people, and i see them getting slapped around in the press for no reason -- before they've even been nominated for anything -- then i want to make sure that somebody's standing up for them. i felt the same way when people were attacking susan rice, before she was nominated before anything. you know, i tend to defend folks who i think have done a good job and don't deserve attacks. but i consider them both outstanding candidates. my main criteria -- i've stated this before, but i want to repeat it. my main criteria for the fed reserve chairman is somebody who understands they've got to do a mandate. a critical part of the job is making sure that we keep inflation in check, our monetary policy is sound, that the dollar is sound. those are all critical components of the job, and we've seen what happens when the fed's not paying attention. you know, we saw prior to paul volcker coming into place inflation shooting up,
CNBC
Aug 23, 2013 3:00pm EDT
, of course, taking the right steps in washington and across the nation to start to move the momentum. i think of it as the momentum of a flywheel, and we need to get this moving, and it can start to feed on itself. and some of this would revolve around our tax policies and where we really need comprehensive tax reform. we need other steps to start to create a growth story here in the united states, but business can be a part of that. investing in the united states, creating jobs, because that can start the cycle, also. >> what are you expecting from back to school and from the holidays? here we are looking at all of the products for the holidays. do you have an anticipation at this point? >> i do anticipate that customers are smart, and they have more information than they've ever had. they are looking for value, and they look for quality. so i do think they'll continue to be pressured. i think the overall consumer spending in the united states, and frankly around the world, will be under pressure through the back-to-school and through the holiday season. but i think where c
FOX Business
Aug 6, 2013 3:00pm EDT
purchase of "the washington post" mean for the entire news industry? "countdown to the closing bell" starts right now. ♪ double knockout ♪ ♪ liz: good afternoon, i am liz claman and it is the last hour of trading. a glitch in trading that we want to tell you about. global markets it is not yet known and last time we had a technical glitch on march 23, it has the part of the ipo. and cbs calling time warner cable a bluff on their offer of a sham. time warner cable has proposed is to return the cable. but only as an À la carte operation and offering. we are seeing hat done about two full percentage points newspaper ads making sure that people understand the position gold dropping $19.60 to 1000 to 82. it is just slightly above that right now. we are talking about this program. we just don't know where to go at this point. >> we are accounting for 86 points. ibm is pulling the dow jones down. part of it is the downgrade that you just mentioned. they are saying that the stock fell as low as $175. they are much closer of the 52 week low than the 52 week high. liz: how far is try c
FOX Business
Aug 28, 2013 3:00pm EDT
mall in washington d.c. five decades ago, 50 years' anniversary of martin luther king jr.'s i have a dream speech. presidents carter, presidents clinton all there listening in. certainly, a tough day for president obama as he celebrates a history, he also has to deal with what is happening overseas in syria as he and his cabinet get ready to potentially make a strike against the country after president assad used chemical weapons, so certainly a tense day in washington, but also a day of celebration. wanted to bring you those remarks just there for a moment. >>> well, back here in new york we're watching u.s. markets, and really the markets, the numbers recovering today from those big losses we had yesterday. oil, though, we do want to say is still climbing higher as investors await possible u.s. strikes on syria. what is next in this crisis? let's bring in right now wayne lynn, global allocation strategist, and ike baker, a former cia officer. mike, i want to start with you, as we saw the president giving those remarks in washington, certainly behind the scenes at the white house th
FOX Business
Aug 22, 2013 3:00pm EDT
time. want to get that rich edson and washington d.c. speaking to nasdaq listed ceos of billion medium-sized companies. about four out of seven are telling me they absolutely suspect that there is something nefarious. simply because how could it not -- paired with the problem the other day. of course we don't know yet because the nasdaq is not said anything. what is the sec looking at? >> we don't know that yet either with the sec is doing right now is essentially monitoring the situation. they did convene a conference call according to the sec right after this started. stayed on the phone while they tried working out the problems. the treasury department -- remember, treasury, the secretary is the head of the financial stability oversight council. that was created by dodd-frank and responsible for making sure that the market is performing a carry. basically financial security. they have been notified of this. the treasury secretary has been briefed and is being updated out on the west coast, expected to speak about an hour. we will be monitoring that as well. the fbi in new yor
FOX Business
Aug 5, 2013 3:00pm EDT
? it's all coming to pass again. peter barnes in washington, d.c.. when does the clock run out? >> when does the clock run out, liz, did you say on the latest debt ceiling? liz: yeah, uh-huh. >> it already ran out back on may 18th, and it is -- but, as you know, the treasury is doing a special and extraordinary measure to stay under the debt ceiling by not funding federal pensions and pensions for federal employees, not using this foreign exchange fund that the treasury has, so for now, we won't -- we'll be able to pay -- the government can pay bills probably until after labor day, according to the treasury, probably into october, possibly november, and i do want to point out, though, that standard and poors feels a bit better about the partisan divide here in washington now. not that it won't continue, but if it does, it's not as potentially damaging, especially after the budget deal at the beginning of the year to raise taxes and raise the debt ceiling to may 18th and now longer. in a new report last month, s&p analysts expect repeated divisive debates over raising the debt ceiling th
CNBC
Aug 20, 2013 4:00pm EDT
september the 9th, and this is important, because washington is the financial capital of the world. when they come back in september, they're going to have nine days until -- nine working days until they have to deal with the continuing resolution for funding the government's expiration. that, i think, will be very important. it will add to the noise. the weak economic data. and i think the fed will not begin tapering, which would probably be good for stocks, in september. >> yeah. mike queen, terry duffy said something interesting, when we do get the news of the new fed chairman, we probably could see a sell-off in stocks as rates go higher. and obviously, some real activity around rates. do you think we see a stock market sell-off as rates move higher? >> i think it's not unreasonable to think the stock market's going to have a rough several weeks ahead of it with the fed chair uncertainty and the budget battle. but we spend most of our time working with affluent individual investors, and they really -- they're not focused on the when of interest rates going up. they know it's inev ait
FOX Business
Aug 9, 2013 3:00pm EDT
attacks i was airing preemptively which is a standard washington exercise that i don't like, when somebody has worked hard for me and worked hard on behalf of the american people, and i know the quality of those people, i see them getting slapped around in the press for no reason before they have even been nominated for anything. i felt the same way when people were attacking susan rice. my main criteria, i stated this before, my main criteria for the federal reserve chairman is somebody who understands they have a dual mandate, a critical part of the job is making sure that we keep inflation in check and my trade policy is sound, the dollar is sound, those are critical components of the job we have seen happens when the fed is not paying attention. we saw prior to paul volcker coming into place inflation shooting up. the other mandate is full employment. right now the biggest challenges we have, the challenge is not inflation, the challenges we still have too many people out of work, too many long-term unemployed, too much slack in the economy, and we are not growing as fast as we should.
CNBC
Aug 21, 2013 4:00pm EDT
excess of regulation coming out of washington is a dampener on all industrial and economic activity. the amount of time that -- >> i don't think so. >> huh? i beg your pardon? >> i don't think so. i think what's slowing the economy will be interest rates going high enough, that will slow the economy. i don't think -- the average american doesn't care about regulations. they carry what's in their wallet from one month to the next. >> the guy running the corporation -- >> he's not going to get a job if the employers are spending their time dealing with regulations -- >> we're not creating jobs. we're creating 192,000 jobs a month. it's not job growth. it's about 10,000 more a month. [ overlapping speakers ] >> oh, my god. >> -- the thing i've heard today is that the fed is doing a fakeout on all of this. >> all right. thank you, gentlemen. we appreciate it. over to jon fortt. >> reporter: maria, here's something everybody can agree on, and they are the details of the leadership changes at hp. bill veckti, chief operating officer, until now, takes over the enterprise group, and that in
CNBC
Aug 27, 2013 4:00pm EDT
washington. of course, over the debt ceiling, as treasury secretary jack lew, should be very concerned. >>> and with millions of college kids headed back to school this week, a panel of pros with savvy ideas how to pay the sky-high tuition bills. don't miss the second installment of our week-long series "school days: the changing face of college." >>> you're watching cnbc, first in business worldwide. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall client experience." >>> the situation in syria is taking its toll. look at the numbers, oil surging nearly 3% here in the united on concern, the u.s. may be inches closer to a potential military strike on syria, perhaps as early as thursday. kelly? >> bill, peter schiff is saying this is bad news for an already sluggish u.s. economy while david haile of davi
CNBC
Aug 16, 2013 4:00pm EDT
harwood has the lowdown on the showdown coming up over the debt ceiling. it would be washington consumption at its worst. he'll also get you up to speed on larry summers' chances of becoming the next chairman of the federal reserve. keep it right here. we're back in two minutes' too many. ♪ like a dog without a bone 5-20 and the better i am at them, the more i enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up a notch or two. tdd#: 1-800-345-2550 and schwab really helps me step up my trading. tdd#: 1-800-345-2550 they've now put their most powerful platform, tdd#: 1-800-345-2550 streetsmart edge, in the cloud. tdd#: 1-800-345-2550 so i can use it on the web, where i trade from tdd#: 1-800-345-2550 most of the time. tdd#: 1-800-345-2550 which means i get schwab's most advanced tools tdd#: 1-800-345-2550 on whatever computer i'm on. tdd#: 1-800-345-2550 it's really taken my trading to the next level. tdd#: 1-800-345-2550 i've also got a dedicated team of schwab trading specialists. tdd#: 1-800-345-2550 they helped me set up my platform the way i wanted, tdd#:
FOX Business
Aug 21, 2013 3:00pm EDT
chair, the senate confirms it. this thing is coming down the pike, it is imminent in washington terms. talking about weeks away. i would not be surprised if they did it before labor day. why does he want summers? he feels comfortable with him in case there is another crisis. the next three years with obamacare looming and the fact they have to start cutting back and larry summers is seen as some recent papers faster than janet yellen, it will be an issue. liz: charlie gasparino, thank you very much. appreciate it. the closing bell in 29 minutes. could an electronic trading glitch like what happened yesterday spiral out of control and cause a market meltdown? member the flash crash? we're hearing for from a man wo says the collapse of knight capital that was also affected by the trading glitch. how about giving your meal the old college try with some school pride. what a creative idea. one fast food chain helping you fly your college colors in the most unique way. you have to stay tuned for this when we come back, stay tuned. she loves a lot of the same things you do. it's what you lov
CNBC
Aug 12, 2013 4:00pm EDT
. maybe a nebulous synergy going on with kindle and working it out with the "washington post." i had a tweet from a viewer saying, what about bloomberg buying it and using the handheld device for the trading terminals? everybody's got an application idea for blackberry out there. but is it too late, do you think, jefferson? >> well, i think it's too late. i'd love to imagine a world where the blackberry is part of the amazon family, and it ties in with the kindle, and amazon has wireless phone in a system that they can call their own. but they're going to need so many millions of dollars -- i mean, you're talking hundreds of millions of dollars that you would need to try to take on apple and google. and i just donee -- even as successful as amazon is, them being able to pull out that kind of cash to do it. i think the ship has sailed. the other problem -- as good as blackberry is, because many people just love it -- remember that the develop -- what makes these phones so great are the applications. that go on them. apple actually has almost -- a little bit more apps than google, and pe
FOX Business
Aug 7, 2013 3:00pm EDT
more americans back to work. what the fed should do and how to break the deadlock in washington. billionaire investor not done yet in a fox business exclusive. ichan tells us he is done biting dell's shares. today his company just released earnings. wait until you see how icon enterprises is really doing. and should you order up? a top money manager says that you would have to be crazy not to be invested in u.s. stocks right now. the dow 20,000 will happen. he will share his top stock picks with you. ito begins right now. ♪ good afternoon, everybody. i'm liz claman, the last hour of trading. well, another fed president to says depending upon certain metrics we should be ready to start tapering. the president of the cleveland federal reserve bank said this you would be ready to scale back the debt fed bond buying program if the labor market continues to improve, but she did not specify the timing on this. nonetheless, she is saying if we continue on this introductory we have been following right now, it should be time to soon start tapering. we will ask former treasury secretar
FOX Business
Aug 15, 2013 3:00pm EDT
. what do can you need agencies coe? what do you need from washington? what do you need to maybe make that economic recovery brighter, in your opinion, where you don't have to cut 4,000 people? >> all right, cheryl, you've asked a series of questions, and if it's all right, let me frame it in terms of the quarter. i think it's important to understand when i make my comments, our expenses next year will be flat to slightly up. what we're doing in the cuts that we're making is we have to reinvest very quickly in terms of opportunities that are moving very it's in this market. and since we aren't as optimistic as we'd like to be about the global gdp growth, we're doing this from a caution point of view very carefully in terms of how we do it. we are communicating to our employees very openly, you said it right, this is the hardest decision you make as the ceo. we met with 18,000 of our employees by telepresence, by video this morning, shared with them what we're doing. they get to grill us for literally an hour and 15 minutes with any question, fair game. they understand what we're doing
FOX Business
Aug 12, 2013 3:00pm EDT
to focus on, not the slice from washington. liz: the stock has done relatively well year-over-year. charlie gasparino has been working on a lot of stories on fox business writing about the facts jamie dimon did who is revered and made it through the other battle to split the chairman job versus the ceo, what do you think about whether this somewhat shakes the foundation in d.c. and stabilizes it or not. >> he has fought his battles and has come out the ther end. what we're dealing with now are the regulators are looking for ways to correct behavior so they are trying to take the wall street money center banks that used to get under pressure, kind of put this back into the marketplace and now try to make some kind of stay within the boundaries. this is the first post financial crisis issue we have seen kind of evolved and they will take it to the fullest extent to make sure the regulatory tone at the top is recommended and still aware of at each of these. >> totally agree with my colleagues. the way they handle this situation, and they had promptly got it it out not had jamie dimon
FOX Business
Aug 16, 2013 3:00pm EDT
barnes is in washington d.c. with the latest. >> reporter: wants the bank and retail stocks on this because they are battling once again over the so-called swipe fees the retailers pay banks when customers use debit cards. banks collected about $15 billion in swipe fees from retailers last year. under financial reforms in 2010 congress ordered the federal reserve to cut the fees for banks. the fed did from about $0.44 on an average transaction of $40 set up $0.24, but retailer said that was still too high and sued the fed in court. two weeks ago that one in a statement bankers called the decision a windfall, especially for big change saying the price controls on sweet peas serve one purpose, further lining the pockets of our nation's big box retailer at their own customers' expense. retailers say the decision will force the fed to cut fees even more which will benefit consumers. >> pass along the lower cost of goods and other promotions and discounts, but a customer service. the point is it is not pulling to retell as bottom-line. is going into making retailers, helping retailers se
CNBC
Aug 6, 2013 4:00pm EDT
newspapers looks like in the wake of jeff bezos surprising purchase of the washington post. stay with us. oh, he's a fighter alright. since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice work! ♪ you got it! you got it! yes! aflac's gonna help take care of his expenses. and us...we're gonna get him back in fighting shape. ♪ [ male announcer ] see what's happening behind the scenes at aflac.com. before their gift helped preserve the point... before a credit solution was used to expand their business... before trusts were created for their grandkids' educations... they chose a partner to help manage their wealth... one whose insights, solutions, and approach have been relied on for over 200 years. that's the value of trusted connections. that's u.s. trust. a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price
CNBC
Aug 22, 2013 4:00pm EDT
on a statement. first off, we have breaking news right now. want to get to washington and eamon javers. over to you, eamon. >> jack lu is speaking in front of an audience today. he was asked to talk about today's nasdaq outage. here is what he said. >> i can tell you that it was over and nasdaq is up and operating when we came out here a few moments ago. the securities exchange commission, which regulate the markets and nasdaq have been working all day on this. i've been kept informed through the day. and i'm glad to report that markets are up and running. >> maria, treasury secretary also said there are sometimes inherent risks to technology and bringing in enormous benefits. sometimes the machines simply break. he said there is a need for real redundancy and they need to practice for contingencies. and he also brought up there may be some kind of cyber attack or cyber crime. they are very aggressive on the issue of cyber threats. but so far from what he knows of right now, there's no reason from what i know right now to believe that today's incident has any of the more frighte
CNBC
Aug 30, 2013 4:00pm EDT
washington to damascus, concerns over the civil conflict continue to rage in syria. when we come back, ranking member of house committee on foreign affairs, eliot engels, on why he supports military action. d be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on his portfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. >>> i have not made a final decision about various actions that might be taken to help enforce. but as i've already said, i have had my military and our team look at a wide range of options. >> at the president a couple hours ago you saw it on tape on cnbc a couple hours ago on where the president stands on launch of a military strike on syria. back to the middle east, we go to ayman. >> reporter: certainly the presentation made by secretary of state john kerry regarding the intelligence that the u.s. has, has received mixed reactions from across the regio
FOX Business
Aug 1, 2013 3:00pm EDT
more new revised guidance. let's get the story from washington d.c. marion international ceo and president. great to see you. many types of travelers, business, leader, the frugal traveler all use different brands of hotels. collectively how was the traveler doing? >> the individual traveler is doing great as we speak. the only pause in our report this morning was the near term group business. a little bit soft. so when you look at the individual business travelers, families taking vacation. what we saw, about six, seven, 8%. that has been steady. really strong performance. liz: which group is -- in them separating them from the actual group traveler, but a business traveler, leisure traveler with a little bit more money? who is doing the best? >> that they put the business traveler and leisure, but probably the higher end leisure is strongest. you talk about ritz-carlton. we had a dozen ritz-carlton resorts in florida who are performing very, very well. the west coast's performing great. those are driven often buy high-end leisure travel. but the working traveler is back on the
FOX Business
Aug 27, 2013 3:00pm EDT
straight year is washington d.c. where drivers are likely to get into a collision once every four and a half years. the second most dangerous, baltimore md. coming in and number three, providence, rhode island. city drivers in the east have more accidents because urban areas in the region are typically more congested than communities in the south and the west. the safest large city from the phoenix arizona. we drive slow. but most bragging rights for safety, fort collins, colorado. i have to show you this video. you don't want to be this driver. you don't want to be this person. al, my god. i'm scared. anyway, that was creepy. don't be that person. stay safe. speaking of safety, and the market's investors have a flight to safety in the concerns about possible u.s. strikes on syria. sibila king for strength? joining is not a put some muscle in your portfolio, president and director of equities. i do want to start with this issue. certainly on a day like today we see gold spiking, silver spiking. you see this flight to safety. to you think investors are making a knee-jerk reaction?
FOX Business
Aug 2, 2013 3:00pm EDT
joining us from washington d.c.. yesterday we had motorola of mobility showing us with so many other products like comcast or all sorts of things haveebeen overtaken apple? >> for innovation they have swapped with product after product after product after product but it is more about quality than quantity in b.c. jobs here -- steve jobs but unfortunately tim cook is not steve jobs when they look overwhelmed. liz: day google's has overtaken or overtaking and apple has a shot? >> apple definitely has a real shot i feat they are retracting their words but to watch these companies go after one another it is good for the consumer. so it is fun to see these companies to match one another. liz: that make the case for apple because now they are in the defensive position. >> apple has a lot of great things going for it but just for the sake to bring it up will get the phone it has stayed the same for quite some time which some people are bothered by the other people like it and then it takes advantage of that screen to make it feel bigger even though they have not enlarged it it still t
CNBC
Aug 15, 2013 4:00pm EDT
. the first was a church. george washington was our first disti distiller. it's not home and it's not work but we all participate in it at some stage in our lives. >> absolutely. it's a good story. good to have you on the program. >> great to be here. >> jon taffer joining us with his book, raise the bar. the selloff, my observation is next. we're cracking down on medicare fraud. the healthcare law gives us powerful tools to fight it... to investigate it... ...prosecute it... and stop criminals. our senior medicare patrol volunteers... are teaching seniors across the country... ...to stop, spot, and report fraud. you can help. guard your medicare card. don't give out your card number over the phone. call to report any suspected fraud. we're cracking down on medicare fraud. let's make medicare stronger for all of us. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etr
CNBC
Aug 7, 2013 4:00pm EDT
one. it is clear why. so what is the fallout? well, there has been bipartisan move in washington but some bloggers are taking shots. it said that obama did not refuse to meet with putin because of human rights violations in russia but rather because of rights violations in the united states. another from a pro putin newspaper, russia strictly speaking does not care. what can we expect from obama's visit anyway, a second reset? the first one failed. who even remembers the first one. this is just the latest from an emboldened and combative russia under putin. he seems to be in there for life. he poked america's eye by taking in snowden by on all things we really need russia's cooperation. he consistently takes the opposition of the united states. he has banned american couples from adopting russia babies. so far the only reaction from our government has been to cancel the meeting. you have to believe it won't be the last and certainly the long term impact remains unclear. before we go take a look at the markets today and some of the hot stocks that we've been talking about all day. the
CNBC
Aug 5, 2013 4:00pm EDT
now. we have breaking news. i apologize. it's regarding the "washington post." and mary thompson has that very interesting story. mary? >> really interesting. jeff bezos, the founder of amazon.com, will be buying the newspaper publishing businesses of the "washington post" for $250 million. now, bezos is buying this with an entity that is his alone. this does not have anything to do with amazon.com. so it's basically a personal acquisition. the transition -- the transaction covers the "washington post," the newspaper, and other publishing businesses, including the express newspaper, the gazette newspapers, southern maryland newspapers, fairfax county times, greater washington publishing. what it doesn't include is slate magazine, the root.com and foreign policy. they're not part of the transaction, and will remain with the "washington post" company, as will wapo labs and social code businesses. once again, jeff bezos is paying $250 million for the newspaper publishing businesses of the "washington post." he has asked katherine wamuth, the ceo and publisher of the "washington post
FOX Business
Aug 30, 2013 3:00pm EDT
are monitoring the comments, obviously, coming from the white house. let's go to the washington correspondent, rich edson, live at the white house. the president, i guess, as we listened to all the comments throughout the afternoon from the president and secretary tear of state, john kerry, there's more questions than answers here as to the timetable, rich. >> absolutely. the timetable, the specifics, and the goal they are looking to achieve, but what you heard from the administration today was a very strong case that in some way, the united states or the international community along with the united states must act. president obama saying he has not decided on a particular course of action yet. he says his military advisers have given him a range of options. he still is mulling them over, looking at them now, and john kerry laid out intelligence earlier today saying with a high level of confidence he believes the assad regime used chemical weapons and do so against his own people saying our national values compel us to act in this particular case, and the intelligence basically
FOX Business
Aug 14, 2013 3:00pm EDT
comments. the market immediately took a dive. let's go to peter barnes in washington. peter: we have more fed speak on when the fed should begin tapering. it has been a big issue for investors. he will be giving formal remarks in a speech on monetary policy which we expect will cover some of this. he will push again to wait on dialing down quantitative easing. he said "inflation has been running very low. i have been concerned about low inflation. he said it is important for fed credibility to hit that target that it has set for itself. there have not been much indication so far. markets are trying to digest this latest paper talk. the ten year treasury is about flat. since bernanke, the fed chairman, made those original tapering comments back in may, the yields have gone from 1.9% to 2.17%. an etf for the homebuilders is trading lower and is down over 9%. liz: that would be, of course, jpmorgan, wells fargo. thank you very much, peter. watch the ten year. we can actually put that back up so people can see. definitely watch the homebuilders. we are waiting on james bullard to start speaki
CNBC
Aug 8, 2013 4:00pm EDT
fundamentals of business. >> why do you think the powers that be in washington are not doing their part in terms of fiscal policy? you make all the right point. tax reform. burdensome regulation. >> i don't know. i don't know. whether you're a democrat or republican, your objective should be to put people back to work. put the american people back to work. >> exactly. >> and the one thing that is very clear, you can't count on the monetary authority to do more than we have done. we filled the gas tank, the engine, but no one is stepping on the gas pedal to the full extent to accelerate job creation and that is because of uncertainty. i don't understand this. if you are a d or an r, democrat or republican, you should want more job creation and we should reboot spending, become much more competitive. american businesses are more lean, more fit, more ready to roll to just let them out of the starti starting gate. who is the starting get in the congress of the united states. i said in a speech on monday, it would be like secretaryat, 31 lengths of any other horse behind us in the world if secr
FOX Business
Aug 19, 2013 3:00pm EDT
meeting going on right now in washington on regulatory reform. the president urges top financial regulators to implement the dodd-frank reforms, and there's more than a thousand that have yet to be enacted despite being passed in congress way back in 2010. we need to get to jpmar begin, in the cross hairs of the u.s. government, this time, nothing to do with the $6 billion london wale trading scandal or complex electricity contracts. look at the stock. it is one of the laggards of the dow jones industrials. now, according to the new york times, this time it's about the bank's practice of hiring the kids of powerful chinese officials. and they are upset what's happening there. how common a practice is this? jo spent five years in beijing covering the chinese government, business, and economy. first, the stock, letting people know it is down, about two and a third percent. let's get to the practice of hiring the children of powerful, political people. that's common place for a corporation. sometimes there's business and political communities; right? >> yeah, that's right. it certai
CNBC
Aug 29, 2013 4:00pm EDT
and new branches in florida where we want to fill out that franchise. a few in the washington, d.c. and of course boston is another area of concentration. >> we just sited in the introduction some analysts that see head winds for canadian banks in the future. gordon nixon just told us he thinks the real estate market in canada is still doing well. economy is holding up. what head winds do you see either in canada or here in the united states for you guys? >> so it is different in the two countries. i think they frankly, and i think gordon is reflecting, they think outside canada people worried about the housing bubble more than we werery about it inside canada. definitely our mortgage, personal mortgage growth for the industry, slowed down. and is growing in the 3 to 4% range. but that's not off, it is still continuing to grow and things like business banking are growing double digits lending growth. overall, tdk aechb trust, our personal bank in canada, had earnings growth of 12%. that's good rate of income growth. in the u.s. it is different. earning 22%. so also, record -- we ha
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